Cisco Snaps Up IoT Startup Jasper for $1.4 billion

Cisco Snaps Up IoT Startup Jasper for $1.4 billion Image Credit: Jasper

Cisco announced today its intent to acquire Santa Clara-based Internet-of-Things(IoT) startup Jasper Technologies for $1.4 billion. Jasper CEO Jahangir Mohammed will run the new IoT Software Business Unit under Rowan Trollope, Cisco senior vice president and general manager, IoT and Collaboration Technology Group. 

Jasper's IoT service platform enables enterprises and service providers to scale their IoT services business globally. With Jasper, companies can connect any device -- from cars to jet engines to implanted pacemakers -- over the cellular networks of the top global service providers, and then manage connectivity of IoT services through Jasper's Software as a Service (SaaS) platform.

The proposed acquisition will allow Cisco to offer a complete IoT solution that is interoperable across devices and works with IoT service providers, application developers and an ecosystem of partners. Cisco said that it will continue to build upon the Jasper IoT service platform and add new IoT services such as enterprise Wi-Fi, security for connected devices, and advanced analytics to better manage device usage.

Chuck Robbins, Cisco Chief Executive Officer
Together, we can enable service providers, enterprises and the broader ecosystem to connect, automate, manage, and analyze billions of connected things, across any network, creating new revenue streams and opportunities.

Jahangir Mohammed, Jasper Chief Executive Officer
IoT has become a business imperative across the globe. Enterprises in every industry need integrated solutions that give them complete visibility and control over their connected services, while also being simple to implement, manage and scale.

Ray is a news editor at The Fast Mode, bringing with him more than 10 years of experience in the wireless industry.

For tips and feedback, email Ray at ray.sharma(at)thefastmode.com, or reach him on LinkedIn @raysharma10, Facebook @1RaySharma

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